Pakistan Is Getting Ahead Of India, Again

[B@tt!eDoom]

First of all, I did not reply to you.

Second, our media is quite free. Anyone can come and give their views, even highly critical. I know that is an alien concept in India where all mainstream media is given a script about how incredible India is, how it's going to overtake China in next 3 years, USA in next 6 years, and Mars in next 9.5 years, and how benificial cow piss is for your skin.

LOL
If you go through the report properly India lacks mostly in Labor freedom & govt spending out of 12 parameters..Most of the govt funds go unspent.It's true...
Anyway congo.When logic fails cow p!ss comes....

 

[proud_indian]

First of all, I did not reply to you.

Second, our media is quite free. Anyone can come and give their views, even highly critical. I know that is an alien concept in India where all mainstream media is given a script about how incredible India is, how it's going to overtake China in next 3 years, USA in next 6 years, and Mars in next 9.5 years, and how benificial cow piss is for your skin.

I agree media can say whatever it's like but it can't change the fact. But in that video there are economists and not regular media persons in the panel.
And yes when you do not have point to argue the only thing you can come up with is piss.



This is one of the thing the panel was talking about in the video above

Pakistan to borrow $600m from China

By Shahbaz Rana​

Published: February 10, 2017​

ISLAMABAD: ​

Pakistan has decided to borrow $600 million from China to boost its dwindling foreign currency reserves that have depleted by $1.7 billion since expiry of the International Monetary Fund programme.

It is the second time in the last three years that the Pakistan Muslim League-Nawaz government has decided to ask a friendly country to boost its foreign currency reserves. Earlier, Saudi Arabia had gifted $1.5 billion to Pakistan in two equal tranches in 2014.

Pakistan’s debt pile soars to Rs22.5tr

The country’s top economic managers on Thursday held a meeting to thrash out details for the Chinese loan, finance ministry sources said. State Bank of Pakistan Governor Ashraf Wathra, Finance Minister Ishaq Dar and Finance Secretary Tariq Bajwa attended the meeting.

The Bank of China will provide the loan on commercial terms, the sources said. They said the amount will be disbursed this month. The loan is expected to be given for a period of three years at an interest rate ranging between 3.1% and 3.2%, said the sources.

The response of SBP spokesman Abid Qamar was awaited till the filing of the story. He had been requested to confirm whether Pakistan has already received $300 million out of $600 million from China.

With fresh borrowings, the Chinese contribution in Pakistan’s official foreign currency reserves held by the SBP would increase to $1.3 billion, as China Development Bank has already lent $700 million for balance of payment support during the current fiscal year. The China Development Bank has given the loan for a period of three years.

The $1.3 billion Chinese borrowings are part of $2 billion foreign commercial bank loans that Pakistan has budgeted for current fiscal year 2016-17. In addition to Chinese $1.3 billion borrowings, Pakistan also obtained $200 million from Noor Bank of United Arab Emirates. The foreign loans would support the reserves besides helping to meet the budget financing needs.

Will Pakistan forever be indebted to China for CPEC?

Sources said the cabinet has already approved a summary to obtain these loans from China. Last month Pakistan had returned $500 million that it had obtained from China about five years back for providing a cushion to the foreign currency reserves. The reason for returning $500 million loan was that there was a requirement of sending a formal request by prime minister of Pakistan to China to extend the $500 million loan after every year, said the sources.

In October 2016, Pakistan’s official foreign currency reserves stood at $18.925 billion, according to the central bank. During the week ending on February 3, the SBP’s reserves decreased to $17.218 billion, said the SBP on Thursday. There was a reduction of $376 million in one week alone, taking the total tally to $1.72 billion since the expiry of the IMF programme.

Pakistan has been struggling to maintain its official foreign currency reserves that it has built largely by obtaining expensive foreign loans during past three years. The government’s failure to enhance exports, attract foreign investment complicated the matters for it.

Growing China Pakistan Economic Corridor-related imports, decline in exports, absence of Coalition Support Fund, and slowdown in
remittances, pushed the current account deficit to $3.6 billion in the first half of FY17, from $1.7 billion in the same period last year, according to latest Monetary Policy Statement of the SBP. It added this higher deficit was financed by an increase in bilateral and multilateral funding along with pick up in investment flows.

“Going forward, with the aforementioned risks to the external sector, the need of financial inflows would grow further,” the central bank cautioned.
During first half of this fiscal year, the federal government borrowed $4.1 billion from the foreign lenders. This includes $900 million foreign commercial bank borrowings and $1 billion raised by issuing Sukuk bonds. The relatively cheaper foreign financing from multilateral financial institutions has significantly slowed down for past many months.​

 

[Khan_21]

They also have covered the reality of all those feel good articles and the commercial loans pakistan have been taking from china for past two months just to maintain it's foreign reserves.

And those articles are written by Bloomberg , Forbes , Reuters , Al Jazeera not Dawn , Express or any Pakistani paper . FDI just increased recently , GDP will grow at 5.5 % , got upgraded to MCSI emerging market . Its not just one positive indicator .

 

[proud_indian]

And those articles are written by Bloomberg , Forbes , Reuters , Al Jazeera not Dawn , Express or any Pakistani paper .

but they only touched the selective aspect of an economy and this is what the discussion is all about in the video above

You tell me if your economy is as rosy as it is painted in the article then why do you have to take loans on commercial rate only to boost your foreign reserves.

 

[Tolkien]

This index means nothing as in the same orgs 2016 index Pakistan was ahead of China.

httpwww,heritage,org/index/excel/2016/index2016_data.xls

 

[proud_indian]

Pakistan has been struggling to maintain its official foreign currency reserves that it has built largely by obtaining expensive foreign loans during past three years.

https://tribune.com.pk/story/1322240/pakistan-borrow-600m-china/

 

[somebozo]

''Simply put, while Pakistan is trying to place economic growth in the hands of entrepreneurs, India insists to place economic growth in the hands of government bureaucrats.''

Its an old socialist culture they adopted...license raj as now become gang raj..as few families dominate major business in India..Tata, Birla, Bajaj, etc!

 

[B@tt!eDoom]

Its an old socialist culture they adopted...license raj as now become gang raj..as few families dominate major business in India..Tata, Birla, Bajaj, etc!

Oh hello India ranks third globally in number of start up..
You people are really funny..Twist yourself up according to own needs..
India is the world's youngest start-up nation with 72% founders less than 35 years.
Now waiting for a cow piss reply..

http://timesofindia.indiatimes.com/...rtups-Nasscom-report/articleshow/49338236.cms
http://timesofindia.indiatimes.com/...reneurs-in-the-world/articleshow/35630976.cms
http://www.indianweb2.com/2016/05/10/14-percent-indian-businesses-run-women-entrepreneurs/

 

[Thorough Pro]

Nothing to be proud of on being 141 regardless of how many points ahead or behind others we are. We should have an annual target of advancing 10/20 points. The real achievement would be if we can be withing the first 100 ranks in 3 years time, and with CPEC in full swing this would be the best chance to achieve that.

 

[soundHound]

now lets compare China poorest province economy to entire of Pakistan.

 

[shahbaz baig]

Simply put, while Pakistan is trying to place economic growth in the hands of entrepreneurs, India insists to place economic growth in the hands of government bureaucrats.

hands of entrepreneurs = Privatization by foreigner/feudals (Earned money go outside country) country will never be able to do business out side from country except export ("A" Grade Export for foreigner remaining "D" Grade for it`s own people)
government bureaucrats = Nationalization (Earned money circulate within Country) and even you can do business out side from the country to get more benefits for you own country.

We should feel shame instead of proud. we don't have enough courage/intention to operate our institution by our own.

 

[Śakra]

Lol, a country growing at 3.5% is getting ahead of a country growing at 7+%.

 

[MultaniGuy]

Markets #ForeignAffairs

Feb 27, 2017 @ 06:44 PM 492 views The Little Black Book of Billionaire Secrets
Pakistan Is Getting Ahead Of India, Again


Panos Mourdoukoutas , Contributor
I cover global markets, business and investment strategy

(Photo credit should read RIZWAN TABASSUM/AFP/Getty Images)

After getting ahead of India in equity market performance, Pakistan is getting ahead of India in another indicator: economic freedom ranking.

That’s according to the recent 2017 Index of Economic Freedom ranking, which places Pakistan in 141st position and India at 143th.

Published by the Heritage Foundation, the Economic Freedom report measures such things as trade freedom, business freedom, investment freedom, and the degree of property rights protection in 186 countries.

Pakistan’s lead over India in this ranking may not be big deal to most observers, as it is too narrow to be meaningful. Besides, both countries are ranking too close to the bottom.

Still, Pakistan’s ranking has been consistently outperforming India's in recent years.

Does it really matter to anyone?

Yes, to equity market investors. Gains in economic freedom ranking are usually associated with higher economic growth rates and higher equity markets. And the superior performance of Pakistan’s market over that of India’s might as well be a reflection of it.

Index/Fund: 12-month Performance

Global X Pakistan (PAK): 38.44%

iShares S&P India 50 (INDY): 1.03%

Source: Finance.yahoo.com 2/27/17

In fact, a closer look at the ranking components of the two countries reveals that Pakistan has fared better than India in the areas of business development and government spending, which matter a great deal for financial market performance

Country | Overall Ranking | Score | Property Rights | Business Freedom | Labor Freedom | Government Spending

Pakistan | 141 | 52.8 | 36.40 | 61.20 | 37.80 | 87.30

India | 143 | 52.6 | 55.40 | 52.80 | 41.60 | 77.40

Source: The Heritage Foundation

Here is a quote from the Pakistan report. “Pakistan has pursued reforms to improve its entrepreneurial environment and facilitate private-sector development. The financial sector has undergone modernization and restructuring.”

And a quote from the Indian report. “The state maintains an extensive presence in many areas through public sector enterprises. A restrictive and burdensome regulatory environment discourages the entrepreneurship that could provide broader private-sector growth.”

Simply put, while Pakistan is trying to place economic growth in the hands of entrepreneurs, India insists to place economic growth in the hands of government bureaucrats.

That’s certainly good news for the future of Pakistan’s economy and equity markets.

https://www.forbes.com/sites/panosm...is-getting-ahead-of-india-again/#4d6b1759dd9c

A good read indeed.

 

[Khan_21]

Lol, a country growing at 3.5% is getting ahead of a country growing at 7+%.

Pakistan grew at 5 % last year and is projected at 5.5 this year .

 

[Kedardel]

All these reports on Pakistan. I personally feel these reports do not give even an average direction of Pakistani Economy.
1. Average can b found out if you know total numbers. What is the correct population of Pakistan for last five years ??
2. When was the last census in Pakistan.
3.Data from certain govt. organization has to be applied on total numbers. When was the last economic survey done in Pakistan ??
4. Which is the organization in Pakistan responsible for economic and Populations statics.
We can only talk about labour reports only if we have credible data from govt. of Pakistan .